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Milbank, Tweed, Hadley & McCloy LLP
usinfo | 2013-07-08 15:04
Milbank, Tweed, Hadley & McCloy LLP's evolution as a leading international law firm parallels the economic development of the US and the world. Milbank’s roots stretch back to 1866, when Anderson, Adams & Young opened its offices on Wall Street. Over the course of the ensuing 145 years, there were many new partners, name changes and a merger -- but innovation and vitality in adapting to changing needs and times remain a hallmark of the firm.
Milbank’s Early Years
In an America bursting with industry and invention, Milbank supplied important legal innovations that fueled the engines of economic change—railroads, banking and oil. Strategies relied on by Rockefellers and Vanderbilts to transform business and commerce propelled Milbank into the forefront of financial services law firms. In the wake of World War I, our expertise helped resolve questions arising from commodities shortages and bank loans. When the Great Depression gripped the country in the 1930s, Milbank helped untangle the fallout from financial collapse, leading bankruptcies, reorganizations and securities disputes. In 1938, Milbank was called upon to assist the New York Stock Exchange, thus beginning a relationship that continues to this day.
Moving Forward
With the growth in energy project finance in the 1990s, we pioneered deal after deal, catering to a booming world economy and the emerging markets in Asia and Latin America. Milbank was--and still is--recognized as the trailblazer in this vital area of finance.
As innovation spread, the economic cycles also sped up and the downturns deepened. Recognizing the importance of countercyclical work, in the 1990s and early 2000s, Milbank rapidly invested in and strengthened its restructuring and litigation practices--representing the creditors on nearly every major US bankruptcy this century including Enron, WorldCom, Pacific Gas & Electric, RefCo and Lehman Brothers.
In the unfolding 21st century, information and communication technology transformed the world. Milbank led the way with involvement in more satellite transactions than any other law firm, the development of cellular telecoms from the Philippines to Brazil and the securing of critical patents that are the foundation stone of today's electronic world.
Milbank’s Early Years
In an America bursting with industry and invention, Milbank supplied important legal innovations that fueled the engines of economic change—railroads, banking and oil. Strategies relied on by Rockefellers and Vanderbilts to transform business and commerce propelled Milbank into the forefront of financial services law firms. In the wake of World War I, our expertise helped resolve questions arising from commodities shortages and bank loans. When the Great Depression gripped the country in the 1930s, Milbank helped untangle the fallout from financial collapse, leading bankruptcies, reorganizations and securities disputes. In 1938, Milbank was called upon to assist the New York Stock Exchange, thus beginning a relationship that continues to this day.
Moving Forward
With the growth in energy project finance in the 1990s, we pioneered deal after deal, catering to a booming world economy and the emerging markets in Asia and Latin America. Milbank was--and still is--recognized as the trailblazer in this vital area of finance.
As innovation spread, the economic cycles also sped up and the downturns deepened. Recognizing the importance of countercyclical work, in the 1990s and early 2000s, Milbank rapidly invested in and strengthened its restructuring and litigation practices--representing the creditors on nearly every major US bankruptcy this century including Enron, WorldCom, Pacific Gas & Electric, RefCo and Lehman Brothers.
In the unfolding 21st century, information and communication technology transformed the world. Milbank led the way with involvement in more satellite transactions than any other law firm, the development of cellular telecoms from the Philippines to Brazil and the securing of critical patents that are the foundation stone of today's electronic world.
